Sri Lankan stocks edge up on AMW, East-West interest

April 23, 2008 (LBO) – Sri Lankan shares closed higher Wednesday largely driven by trading in Associated Motorways, East-West Properties and Dialog Telekom, brokers said. All Share price Index went up 8.26 points (0.31 percent) to 2,681.27 while the more liquid Milanka rose 15.41 points (0.47 percent) to 3,322.63. Turnover was 303 million rupees.

“AMW has been moving since of the day before yesterday,” said Lahiru Angammana at SC Securities.

“Today it dropped at the closing but was trading at 180 and contributed to total turnover.”

AMW ended up 2.75 at 175 rupees with 143,500 shares traded and added 25.7 million to the day’s turnover. The stock traded between 175 and 183 rupees.

There was a crossing of 2.2 million shares of East-West at 11 rupees.

The stock ended up 1.25 rupees or 11.36 percent at 12.25 rupees with over 2.9 million shares traded and added over 33 million rupees to the day’s turnover.

Also, just over half-a-million shares of Dialog were traded with the stock ending up 25 cents at 16.75 rupees. .